Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: TheBusDriver who wrote (31395)	7/23/2003 4:34:25 PM
From: SliderOnTheBlack	Read Replies (2) of 36161

re: ["Slider sometimes I have a hard time figuring you out."] ...well you've got your challenges ahead of you; since I'm not as hard to figure out - as the market is (vbg). Wayne; what has worked best for me over the last couple of years & what has become my favored investment "style" if you will... Is to try to be "early to the party" on a contrarian basis; preferably in cyclicals and to focus only on High Reward/Low Risk portions of those cycles and levering it on a portfolio weighted basis. But, to never, ever - EVER be caught hanging around at the top in cyclicals - because we all know how tops in cyclicals usually end... violently; with the trap door being pulled. Presently... I can't find anything High Reward/Low Risk. I wish the OSX was around 65... I'd start adding there; given the early signs of economic recovery. I'm sure Sinclair will be hollering about $400 POG anyday for about the 18th time...and I'm sure the PermaBulls will be celebrating new HUI highs on nice volume..and we must give them their day in the sun (vbg). I'm now back watching the Gold Tape here....but, not looking to go long on momenteum (although I wouldnt rule that out some time in the future) but, rather looking to SHORT for an interim trade here either into further strength, or on the rollover; maybe throw some Put's onto the plate. I think the positive POG catalysts of War/Terrorism, a collapsing USD & another wave down to new lows for the Bear etc... have disapated a bit... so Inflation worries are now the primary catalyst for higher Gold & Goldstocks...but,the reaction in goldstocks is a bit much - right here; given inflation as I see it and I see a short-trading opp anytime here in goldstocks. California's problems may be a postive catalyst for Gold and could create some fractures thru the financial system....so I'm keeping my options open in both directions...although I still believe the Big & Easy Money has already been made in Gold...but, only time will tell. good luck ...I'm off to study some charts and sniff out some shorts - no pun intended.

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